NOT LISTED FOR SALE

Estimated Value: $1,310,000 - $1,459,000

4 Beds
2 Baths
3,736 Sq Ft
$370/Sq Ft Est. Value

Last Sold March 25, 2024

Last sale price $1,325,000 $355 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $8,595/month

37 Days on Market

Highlights

  • Ocean View
  • No HOA
  • Patio
  • Fairhaven Middle School Rated A-
  • Thermal Windows
  • 4-minute walk to Forest & Cedar Park

About This Home

As of March 2024

Charming 1930 Salish Sea-view triplex at the apex of South Hill, WWU, and DT Bellingham. Rare vintage building has been updated from stem to stern, impeccably maintained, and enjoys a near zero vacancy rental history. Unit A has 4 beds, 1 bath, covered porch, large living & dining & bay views. Unit B has 4 beds, 1.5 baths, living, dining, and views. Unit C is a roomy 1 bed, 1 bath that attracts long-term renters. 4.68% cap rate is based rents that have not been raised for over 3 years so a modest increase will yield a 5.16% cap. New roof, new washer/dryer in shared laundry, fresh paint between rentals, easy-care landscaping. Renters love the 7 pkg spots off the alley and access to campus, downtown & Fairhaven.Courtesy seller pre-inspection.

Last Agent to Sell the Property

Lisa Hjorten

Pacific Edge Properties License #26614 Listed on: 02/01/2024

Last Buyer's Agent

Christopher Lee

Bellingham Real Estate Company License #105263

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2196004

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,982

Year Built

  • Built in 1930

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50 x 125
  • Partially Fenced Property
  • Property is in very good condition

Property Views

  • Ocean
  • Views of a Sound
  • Bay
  • Mountain
  • Territorial

Home Design

  • Triplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,736 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 7 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Lowell Elementary School
  • Fairhaven Mid Middle School
  • Sehome High School

Utilities

  • Forced Air Heating System
  • High Efficiency Heating System
  • Heating System Mounted To A Wall or Window
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • South Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803310613980000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,982

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1930
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3736
  • Special Features: None
  • Cumulative Days on Market: 324

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,See Remarks,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Bay, Mountain(s), Sea, See Remarks, Sound, Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Very Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, High Efficiency (Unspecified), Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PSE/Cascade Nat Gas
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 2255

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Bellingham
  • High School: Sehome High
  • Middle Or Junior School: Fairhaven Mid

Lot Info

  • Parcel Number: 3803310613980000
  • Lot Size Acres: 0.14
  • Lot Size: 50 X 125
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 17.33
  • LeasedItems: None
  • TotalMonthlyIncome: 6950

Multi Family

  • Gross Scheduled Income: 83400
  • Net Operating Income: 67656
  • Number Of Units Total: 3
  • Insurance Expense: 1723
  • Leasable Area: 3736
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2023
  • Tax Annual Amount: 9982

MLS Schools

  • Elementary School: Lowell Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
Mar 21, 2024
Sold by
Devoto Kristen E and Devoto Mark
Bought by
Keller Sarah and Keller Aarron
Seller's Agent
Lisa Hjorten
Pacific Edge Properties
Buyer's Agent
Christopher Lee
Bellingham Real Estate Company
List Price
$1,495,000
Sold Price
$1,325,000
Premium/Discount to List
-$170,000
-11.37%
Views
36
Current Estimated Value
$1,380,910

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,910
Avg. Annual Appreciation
2.94%
Original Mortgage
$662,500
Outstanding Balance
$655,290
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$718,226

Purchase Details

Listed on
Apr 30, 2021
Closed on
Jun 30, 2021
Sold by
Lycan Robert E
Bought by
Devoto Kristen E and Bottemiller Mark
Seller's Agent
Bob Lycan
Keller Williams Western Realty
Buyer's Agent
Lisa Hjorten
Pacific Edge Properties
List Price
$1,285,000
Sold Price
$1,185,000
Premium/Discount to List
-$100,000
-7.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.18%
Original Mortgage
$711,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2002
Sold by
Denckla Sheffield Tower Living Trust 199
Bought by
Lycan Robert E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,800
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Keller Sarah $1,325,000 Whatcom Land Title
Devoto Kristen E $1,185,000 Whatcom Land Title Co Inc
Lycan Robert E $291,000 Whatcom Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Keller Sarah $662,500
Previous Owner Devoto Kristen E $711,000
Previous Owner Lycan Robert E $318,000
Previous Owner Lycan Robert E $232,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2024 03/25/24 Sold $1,325,000 -8.3% $355 / Sq Ft
03/09/2024 03/09/24 Pending -- -- --
02/29/2024 02/29/24 Price Changed $1,445,000 -3.3% $387 / Sq Ft
02/01/2024 02/01/24 For Sale $1,495,000 +26.2% $400 / Sq Ft
07/02/2021 07/02/21 Sold $1,185,000 -7.8% $317 / Sq Ft
05/28/2021 05/28/21 Pending -- -- --
05/25/2021 05/25/21 For Sale $1,285,000 0.0% $344 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
04/30/2021 04/30/21 For Sale $1,285,000 -- $344 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,837 $1,358,588 $652,187 $706,401
2023 $10,837 $1,393,179 $668,792 $724,387
2022 $8,568 $1,180,683 $566,784 $613,899
2021 $8,406 $922,409 $442,800 $479,609
2020 $7,457 $854,082 $410,000 $444,082
2019 $7,024 $732,397 $250,120 $482,277
2018 $7,079 $691,684 $236,363 $455,321
2017 $6,165 $595,986 $203,138 $392,848
2016 $5,497 $542,433 $184,717 $357,716
2015 $5,511 $503,529 $174,239 $329,290
2014 -- $488,389 $169,000 $319,389
2013 -- $472,724 $163,725 $308,999
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2196004

Northwest Multiple Listing Service (NWMLS)

APN: 380331-061398-0000